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| Skanska wins preferred bidder status for project in Essex Swedish construction firm Skanska, through a preferred-bidder contract, has been selected for developing, constructing and maintaining three schools for Essex County Council, in the UK. The project will be conducted within the UK program for public private partnerships, PFI (Private Finance Initiative), which means that Skanska will assume responsibility for the financing, design and construction of the new schools, as well as the maintenance of the schools for a total of 26 years commencing in 2011. Skanska Infrastructure Development's investment is estimated to amount to approximately GBP 6 M, about SEK 70 M, corresponding to a majority holding in the consortium that is responsible for the project. The consortium also includes RM plc, which is responsible for the schools' information and communications systems. RM plc is an international provider of education solutions and the UK's leading provider of ICT software, systems and infrastructure for schools. This PFI project in Essex initially comprises three new schools to be developed in cooperation with the local authorities within the Essex Local Education Partnership (the Essex LEP) of which the Skanska-RM consortium holds an 80 percent share. The partnership covers a total period of ten years and further schools will be developed in future phases. The construction assignment will be conducted by Skanska UK, which will also design and build a fourth school in addition to the three in this PFI agreement. The contract for the four schools is estimated to amount to approximately GBP 70 M, approximately SEK 800 M. Financial close for this contract, including the completion of negotiations and financing, is expected during 2010. write your comments about the article :: © 2010 Construction News :: home page |